Exness Review

Ranking

#9

Minimum Deposit:

$$3, $10

Max Leverage:

1:200

Phone : 0 800 014 8528

Overview

XM.com is located in Limassol, Cyprus and is always at the top of variousranking. They were found in 2009 and have grown into a global industrialgiant with more than 3.5 million customers.

Account Types

Micro accounts: are a perfect for beginner traders, who doesn’t want to risk a lot of money. It has minimal deposit of 5$ and 100 Lot restricted contract size, with 1 Lot being 1,000. This account type is also commission free and costs are only the spreads.

Trading Platform

XM.com does not have their own trading platform; instead, they use Meta-Trader. On the one hand, MT4 and MT5 are the most popular platforms in the world, on the other – an outdated design and the absenceof price warnings. However, the intuitive interface and access to programming make Meta-Trader very popular.

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  • Max levarge – 1:200
  • Minimum deposit – $3, $10
  • Spreads From – Spreads From – 0.5 PIPS

Overview:

The Exness Group was founded in 2008 and now holds top positions in various ratings. Exness has created the most convenient service. They provide professional customer support, quickly complete deposits and withdrawals with different payment options. Since 2010 Exness increased their trading volume from $88.1 billion till $3224.0 billion in 2017. Also, Exness sponsors Real Madrid football team.

Account Types:

Exness has only one account type and the minimal deposit vary form $3 till $10 based on funding option. Spreads vary as well by instrument and there are tree margin options 1:200, 1:100 and 1:50

Trading Platform:

Exness don’t have their own trading platform, so they use Meta Trader 4 and 5 instead. Meta Trader is one of the most popular trading platforms in the world and is used by most forex brokers. The advantages of MT4 are that it is very easy to use and allows you to access custom scripts. There is also a mobile application and a web browser version. However, there are some disadvantages. Meta Trader has a very outdated user interface.

Deposit & Withdraws:

There are 4 options available: Bank transfer, Credit/Debit card, Neteller and Skrill. Bank transfer deposit requires $10 minimal funding and will be executed commission-free within 3-5 days. Withdraw minimum is $40 and commission of 4% will be applied if the amount is less than $1,000. The minimum deposit and withdraw via Credit or Debit card are $3 and commission-free. Funding a trading account via Neteller requires $10 minimal amount and $4 by withdrawals. Both withdraw and deposit via Skrill is free with $10 minimal amount.

Markets:

Exness is a purely forex broker and provides access to 38 highly liquid currency pairs that can be traded 24 hours a day, 5 days a week.

Customer Support:

Exness positions itself as an international broker and provides client support in 13 different languages: English, Russian, Chinese, Hindi, Farsi, Urdu, Vietnamese, Indonesian, Arabic, Thai, Bengali, Malay, and Tamil. They are available 24/7 via Phone, Email and Life chat, which is not working at the moment.

Safety:

Exness is regulated by UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority in (FSA). Exness holds clients’ money in segregated accounts and they are never merged with their own funds. Client are also protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Final Thoughts:

Exness is one of the leading providers of financial services. Compared to other brokers, Exness has focused only on the Forex market. Their advantage is a low minimum funding amount and very small spreads. Exness is definitely a broker you should pay attention to. As a disadvantage, they have a very small and difficult to navigate website. Many important pages are missing, so there is definitely room for improvement.